Former Nigerian senator and human rights activist, Shehu Sani, has weighed in on the recent CBEX investment scam that defrauded numerous Nigerians. In a candid Facebook post, Sani remarked, “You send them 50k and they pay you 100k; and when you send them N1m they disappear. CBEX and all those online scams exploit those who want cheap and quick money.”
Sani’s comments underscore the perils of get-rich-quick schemes that promise unrealistic returns. He emphasized that such scams prey on individuals’ desires for rapid wealth, often leading to significant financial losses.……CONTINUE READING
The CBEX platform had attracted investors with promises of 100% returns, leading many to invest substantial sums. However, reports soon emerged of users being unable to withdraw their funds, prompting investigations by the Economic and Financial Crimes Commission (EFCC).
Sani’s critique serves as a cautionary tale, urging Nigerians to remain vigilant and skeptical of investment opportunities that seem too good to be true.
